Flare, a data-focused blockchain, has said that it would burn 2.1 billion FLR tokens to promote ecosystem health. A permanent removal of more than 2% of FLR’s whole supply would prevent the dilution of community token holdings and boost the incentives for new users to join the network. Early supporters of Flare
October 13, 2023 2 mins read
The U.S CFTC has launched a lawsuit against former Voyager Digital Ltd. CEO Stephen Ehrlich, bringing the cryptocurrency business back into the limelight. Stephen Ehrlich allegedly broke derivatives laws and misled clients about the security of their digital assets. This has been detailed in a recent report by the Commodity
October 12, 2023 2 mins read
After another flash loan exploit on its platform, the decentralized finance (DeFi) protocol Platypus lost almost $2 million in assets. As a defense mechanism, the protocol froze all of its pools over the assault. CertiK, a blockchain security platform, reports that $2.23 million were stolen in three separate assaults on
October 12, 2023 1 min read
Coins.ph is a leading cryptocurrency exchange and digital wallet service in the Philippines, and on October 10th, Circle announced a strategic relationship with them. With this new cooperation, Circle, the issuer of the USDC stablecoin, will be able to expand its operations in the Philippines. Coins.ph and Circle have announced
October 11, 2023 1 min read
Building the world’s largest Decentralized Physical Infrastructure Network (DePIN) for AI is what Decentralized cloud service io.net has declared as its ultimate objective. Io.net seeks to address the lack of GPUs for AI processing by obtaining one million GPUs from independent suppliers of computing resources. In the process, it will create the first
October 11, 2023 2 mins read
Kristina Campbell, the CFO of Ripple Labs Inc., has left the company. Campbell updated her LinkedIn page to reflect that she had left the firm this month, but the corporation did not make the news public. Campbell’s tenure as CFO at Ripple Labs, which ended with her departure, lasted for
October 9, 2023 1 min read
Since May 18, 2022, the Terra Luna Classic community has burnt a cumulative total of 76 billion LUNC, marking a significant milestone in the collective endeavor to lower the circulating quantity of LUNC. Binance, the biggest cryptocurrency exchange in the world, has burnt about 38.81 billion LUNC, or more than
October 9, 2023 1 min read
On Tuesday, October 10, Caroline Ellison, formerly of the hedge fund Alameda Research and an intermittent business associate of Sam Bankman Fried (SBF), is scheduled to testify against him in his impending fraud trial. SBF is accused of engaging in high-risk trading practices and misappropriating client monies from FTX. After
October 8, 2023 1 min read
In light of recent changes to the laws governing cryptocurrency exchanges in the U.K enacted by the Financial Conduct Authority (FCA), OKX UK, a subsidiary of the global crypto exchange OKX, said in a blog post that it would be making substantial changes to the tokens it supports. OKX UK
October 8, 2023 1 min read
The creative studio behind Bored Ape Yacht Club (BAYC) and CryptoPunks, Yuga Labs, has announced a round of layoffs across its U.S departments. CEO Daniel Alegre relayed the news to the team, underlining the move’s need during tough global economic circumstances. Consequently, the organization is getting through these tough times
October 6, 2023 1 min read
